Canada will match US tariffs 'dollar for dollar' as trade talks break down

People fail to understand that our system of checks and balances are not some magic potion - or some Boolean flag - that flips on when a violation occurs; its just the power that is given to certain government bodies and people. The failure to use them is not much different than if they didn't exist in the first place.

The US has done more to destroy the system it designed and benefits from in the last 1.5 years than at any time since 1945.

What this entire fiasco is about is China. China is the new superpower. It threatens the American global hegemony because it can't be bullied. Why is China the new Big Bad? To sell weapons. Pretty much the entire of American foreign policy is about selling weapons.

So Liberation Day was a ham-fisted way to try and isolate and bring to heel China. It has failed spectacularly because the dumbest sychophants imaginable are in charge of this administration. Because while doing all this, we're witnessing a lootocracy on the largest scale ever seen. When Trump took office in 2017, the national debt was ~$16T and it had taken ~200 years to get there. It just got over $40T. That's like $2T in interest payments every year just to service the debt.

Long ter bond yields keep going higher. That's going to be a really big problem, particularly because there's a political desire to lower interest rates. That's ismply not going to happen and record-high inflation is going to continue, if not get worse, all while real wages stagnate or decline.

So the US can't economically compete with China. Well, it can't militarily compete either. The US has been deceisively been totally defeated by Iran, an absolutely pointless war of choice. And they think they can bully China? Get the hell out of there. Part of the problem is the (now) $1t+ in annual military budget is just more looting from government coffers.

Empires don't die slowly or quietly. That's really what's happening here. The seeds of destruction for the Gulf security architecture have been sown. While Europe is still an American vassal state, realization is growing that the status quo cannot continue. Unfortunately I suspect a fascist takeover will happen long before Europe divests itself from the US protection racket.

I believe that the late 2020s will be written about in history books as the beginning of the end of American empire.

The negotiations are because Canada taxes US cultural exports (movies, etc.) and gives that money directly to their Canadian competitors.

It’s perfectly reasonable for any country to ask that their exports not be penalized with taxes, which is what Canada does to many US cultural exports.

Europe can afford to kick the can down the road and wring as much out of the remaining trade as possible while forging replacement deals with others in the meantime. They know how to buy time with Trump using flattery and sleight-of-hand, and are doing a pretty decent job of it given the rush.

Canada has no such luxury, because Trump already views Canada as weak and exploitable, and so his assaults and "we've decided to change the deal" will never end. That requires a different response tactic, even though it will cause a lot of short-term pain.

You'll also note the veiled threat in Carney's speech yesterday: "Canada fuels American growth: supplying 99 per cent of their natural gas imports, 85 per cent of their electricity imports, 60 per cent of their crude oil imports. I don’t think they want us to stop sending any of that energy."

Timing an energy war to November would be brutal.

The countries of the south on the receiving end of US/western 'help' have been disabused of viewing US as 'a shining city on a hill' by their own experience, long time ago.

They saw Carney's Davos speech recognizing the hypocrisy of 'rules-based international order' as just another hypocrisy: you were quiet while those rules suited you, now you squeak, when you are on the receiving end.

But yes, the people in the west are waking-up.

I have gone through the fall of communism. From years when most people actually believed in it (I did not live through that, too young), to years where people knew the system is a sham, but things looked unshakeable, to years where 'something' was in the air, but a real change was unimaginable, to the sudden and very real fall.

We are in 'something is in the air' with the current western system. The problem is that for the communist countries, there was an alternative - the western system (yes, the west's soft power of jeans & coca cola worked). And the communist elites lost their will to power (or had already pre-planned path to oligarchy). Nowadays, there is no clear alternative, and the western elites seem determined to keep the system at all costs (see all the surveillance technology, the push for AI is also relevant). So, the change will be much messier and possibly bloodier than the fall of communism.